YTG(SH:600881)2016-04-27 16:00Financial Performance - Operating revenue for the period was CNY 2.01 billion, a decline of 9.28% year-on-year[5] - Net profit attributable to shareholders was CNY -162.28 million, down 19.98% from the previous year[5] - Basic and diluted earnings per share were both CNY -0.06, a decrease of 19.73% year-on-year[5] - The company experienced a net loss in the first quarter, indicating ongoing financial challenges[5] - Total operating revenue for Q1 2016 was CNY 2,005,630,445.97, a decrease of 9.3% compared to CNY 2,210,785,879.56 in the same period last year[25] - Net profit for Q1 2016 was a loss of CNY 233,856,635.82, compared to a loss of CNY 224,713,833.57 in Q1 2015[26] - The total comprehensive income attributable to the parent company was CNY -223,631,092.64, compared to CNY -94,206,679.99 in the previous year[27] - The net profit for Q1 2016 was CNY 50,846,091.19, up from CNY 33,817,146.13 in the previous year, representing a growth of 50.43%[29] Assets and Liabilities - Total assets decreased by 3.11% to CNY 52.12 billion compared to the end of the previous year[5] - Total assets decreased to CNY 52,116,995,982.57 from CNY 53,790,106,634.31, reflecting a reduction in both current and non-current assets[18] - Current assets totaled CNY 27,764,899,807.77, down from CNY 29,355,761,154.82, indicating a decrease in liquidity[17] - Total liabilities as of March 31, 2016, were CNY 26,079,448,986.44, down from CNY 28,233,601,731.74 at the start of the year[23] - Total equity attributable to shareholders of the parent company was CNY 10,004,311,372.76, slightly down from CNY 10,016,967,465.50 at the beginning of the year[23] Cash Flow - Cash flow from operating activities increased significantly by 360% to CNY 799.88 million compared to the same period last year[5] - Operating cash flow increased significantly by 360.00% to CNY 799,878,776.54 from CNY 173,888,346.58 due to the recovery of accounts receivable from the previous year[11] - Cash flow from financing activities showed a drastic decline of 1307.07%, resulting in a net cash outflow of CNY 2,549,042,688.14 due to bond repayments[11] - The company experienced a net cash decrease of CNY 1,776,390,628.45 in Q1 2016, contrasting with a net increase of CNY 342,754,726.49 in the previous year[33] - Cash inflow from financing activities was approximately $3.60 billion, an increase from $1.66 billion in the previous year[35] - The net decrease in cash and cash equivalents for the period was approximately $1.21 billion, compared to a decrease of about $596.5 million in the previous year[35] Shareholder Information - The total number of shareholders reached 152,190 by the end of the reporting period[9] - The largest shareholder, Changchun Municipal Government, holds 295.09 million shares, accounting for 11.35% of total shares[9] Investment and Financing Activities - The company issued CNY 1 billion in corporate bonds, approved by the China Securities Regulatory Commission, to qualified investors[14] - The company is actively planning and promoting a non-public stock issuance as part of its capital strategy[12] - The company raised CNY 3,211,300,000.00 in borrowings during Q1 2016, compared to CNY 2,402,400,000.00 in the same period last year[33] - The company paid approximately $6.67 billion in debt repayment during the period, compared to $1.69 billion in the previous year[35] - Dividend payments and interest payments totaled approximately $413.5 million, compared to $366 million in the previous year[35] Accounts Receivable and Payable - Accounts receivable increased by 43.06% to CNY 444,137,524.73 from CNY 310,447,252.21 due to an increase in bank acceptance bills received[11] - Accounts payable surged by 127.12% to CNY 1,628,420,000.00 from CNY 717,000,000.00 as a result of increased settlement activities using bank acceptance bills[11] Other Financial Metrics - The weighted average return on net assets improved by 0.25 percentage points to -1.40%[5] - Investment income decreased by 30.15% to CNY 180,377,464.31 from CNY 258,238,255.00, attributed to a decline in profits from Northeast Securities[11] - The company reported non-recurring gains of CNY 2.15 million for the period[8] - The company did not report any audit opinion with emphasis or other matters in the quarterly report[35]